Microsoft Co. (NASDAQ:MSFT) Holdings Trimmed by 11 Capital Partners LP

11 Capital Partners LP cut its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 19.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 103,436 shares of the software giant’s stock after selling 25,086 shares during the quarter. Microsoft makes up approximately 11.1% of 11 Capital Partners LP’s portfolio, making the stock its 4th biggest holding. 11 Capital Partners LP’s holdings in Microsoft were worth $24,090,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. DGS Capital Management LLC raised its position in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd raised its position in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC raised its holdings in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the period. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Citigroup boosted their price target on shares of Microsoft from $280.00 to $282.00 and gave the company a “buy” rating in a report on Wednesday, January 25th. Wedbush boosted their price objective on Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. Barclays decreased their target price on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Mizuho upped their price target on shares of Microsoft from $280.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Rosenblatt Securities dropped their target price on shares of Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $285.58.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $253.92 on Tuesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The business has a 50 day moving average price of $248.99 and a 200 day moving average price of $245.14. The company has a market cap of $1.89 trillion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.28 and a beta of 0.92. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $2.48 EPS. Research analysts predict that Microsoft Co. will post 9.34 earnings per share for the current year.

Insiders Place Their Bets

In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock valued at $1,728,111 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.